Fitch Puts West Penn Allegheny Health System (PA) Revs on Rating Watch Negative

<0> Fitch Puts West Penn Allegheny Health System (PA) Revs on Rating Watch Negative </0>

Fitch RatingsElizabeth Fogerty, +1-212-908-0526Media Relations, New YorkorPrimary Analyst:Eva Thein, +1-212-908-0674Senior DirectorFitch, Inc.One State Street PlazaNew York, NY 10004orSecondary Analyst:James LeBuhn, +1-312-368-2059Senior DirectororCommittee Chairperson:Jeff Schaub, +1-212-908-0680Managing Director

Fitch Ratings has placed West Penn Allegheny Health System's (WPAHS) 'B+' rating on Rating Watch Negative, in response to the system's announcement today that it has notified Highmark, Inc. that the system is released from its obligations under an affiliation agreement signed by the two companies last November.

The rating action applies to $737 million series of 2007A health system revenue bonds issued by the Allegheny County Hospital Development Authority.

Fitch's last rating commentary noted that the failure of WPAHS to finalize the affiliation agreement with insurer Highmark would lead to downward rating pressure. Fitch is assessing the effect of the announcement and monitoring developments, and will take rating action as appropriate.

Additional information is available at '.The ratings above were solicited by, or on behalf of, the issuer, and therefore, Fitch has been compensated for the provision of the ratings.

Applicable Criteria and Related Research:

--'Revenue-Supported Rating Criteria', June 12, 2012.

--'Nonprofit Hospitals and Health Systems Rating Criteria', Aug. 12, 2011.

Applicable Criteria and Related Research:

Revenue-Supported Rating Criteria

Nonprofit Hospitals and Health Systems Rating Criteria

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: . IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE ''. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE.